The secret? They’re junk! There is only upside for Church, who will get a piece of every company. If they fail, he has nothing to lose. One of A16z’s past bio

The secret? They’re junk! There is only upside for Church, who will get a piece of every company. If they fail, he has nothing to lose. One of A16z’s past biotech stars was uBiome. The science there was bad from the beginning but investors couldn’t tell. I think a better article could be written about how many have failed, and how many will continue to fail. 5 years from now it’ll be even easier to write.